Why Was the 2007 to 2009 Recession in the United

question 20

Multiple Choice

Why was the 2007 to 2009 recession in the United States not classified as a depression?

• A) Although unemployment was high, output also was high, so the event did not meet the criteria for a depression.
• B) Prices were falling in 2007 to 2009, but inflation must be present for the classification of depression.
• C) From 2007 to 2009, the number of jobs rose even though the unemployment rate rose.
• D) The decrease in output and increase in unemployment were not severe enough to warrant the classification.

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Definitions:

Acromial

Pertaining to the acromion, an anatomical feature of the scapula (shoulder blade) contributing to the shoulder's bony structure.

Shoulder

A part of the body where the arm is joined to the torso, consisting of several joints and muscles that allow for a wide range of movement.

Sternal

Relating to the sternum, which is the long, flat bone located in the center of the chest, connecting to the ribs via cartilage and helping to protect the heart, lungs, and major vessels.

Serous Membranes

are thin layers of tissue that cover internal organs and body cavities, secreting a fluid that lubricates and reduces friction.